T-Mobile US’s (NASDAQ:TMUS) “Buy” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reissued their buy rating on shares of T-Mobile US, Inc. (NASDAQ:TMUS) in a research note released on Saturday, July 22nd. Jefferies Group LLC currently has a $80.00 price objective on the Wireless communications provider’s stock. Jefferies Group also issued estimates for T-Mobile US’s Q3 2017 earnings at $0.59 EPS, Q4 2017 earnings at $0.55 EPS, FY2017 earnings at $2.66 EPS and FY2018 earnings at $2.90 EPS.
A number of other research analysts have also issued reports on TMUS. Wells Fargo & Company reiterated an outperform rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Robert W. Baird raised their target price on shares of T-Mobile US from $64.00 to $68.00 and gave the company a neutral rating in a research note on Wednesday, April 26th. Instinet raised their target price on shares of T-Mobile US from $62.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, April 26th. Drexel Hamilton began coverage on shares of T-Mobile US in a research note on Thursday, June 8th. They issued a buy rating and a $80.00 target price on the stock. Finally, Nomura reiterated a hold rating and issued a $65.00 target price on shares of T-Mobile US in a research note on Tuesday, April 25th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $68.82.
Shares of T-Mobile US (NASDAQ:TMUS) traded up 0.02% during trading on Friday, hitting $63.00. The stock had a trading volume of 1,419,593 shares. The stock’s 50-day moving average is $62.21 and its 200-day moving average is $63.64. The stock has a market cap of $52.36 billion, a price-to-earnings ratio of 26.69 and a beta of 0.49. T-Mobile US has a 12-month low of $44.35 and a 12-month high of $68.88.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the business posted $0.25 EPS. T-Mobile US’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US will post $2.29 EPS for the current year.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in T-Mobile US during the first quarter valued at $298,008,000. Janus Henderson Group PLC boosted its stake in T-Mobile US by 12,230.1% in the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock valued at $271,542,000 after buying an additional 4,443,083 shares during the last quarter. Paulson & CO. Inc. bought a new stake in T-Mobile US during the first quarter valued at $267,409,000. Finally, Capital World Investors boosted its stake in T-Mobile US by 158.7% in the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock valued at $234,419,000 after buying an additional 2,372,024 shares during the last quarter. Hedge funds and other institutional investors own 35.89% of the company’s stock.
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